For all practical purposes, a discouraged worker is an unemployed person because a discouraged worker is not working

The economic growth rate is expressed as the

A) growth rate of real GDP minus the growth rate of population. B) growth rate of the population. C) standard of living. D) annual percentage change of real GDP per person. E) annual percentage change of real GDP.

Roger lives in Iceland and purchases a snowmobile manufactured in the United States. This purchase is

A. both a U.S. and Icelandic export. B. both a U.S. and Icelandic import. C. a U.S. import and an Icelandic export. D. a U.S. export and an Icelandic import.